Artificial intelligence (AI) is a technology which has the potential to generate significant productivity gains that still go largely undetected at macroeconomic level, due to firms’ limited adoption of AI. Its impact on employment is more uncertain, although it could affect high-skill jobs to a greater extent than in the previous technological revolutions. Education, training and competition poli... Lire la suite
The single market is the world’s largest developed market, in which Member States enjoy close economic relations. The market has helped to promote innovation and ramp up productivity and GDP, as well as bring convergence within the European Union. The single market has not led to increased relative specialisation of EU Member States. In the period from 1984 to 2019, their goods’ export structures... Lire la suite
Japan’s growth, which was very strong until the 1990s, is now being reined in by ageing capital and a shrinking population. The country is addressing these issues and is banking on an increase in productivity to reignite growth. In this respect, it has significant headroom both as regards the digital transition and in terms of structural changes to the labour market.... Lire la suite